Data / Crowdfunding / Michigan / ELITEA LLC
ELITEA LLC: crowdfunding raise on MainVest, Inc., $60,000 to $200,000 (2021)
ELITEA LLC, a limited liability company in West Bloomfield, MI, filed a Form C with the SEC on December 30, 2021 to raise $60,000 to $200,000 in debt through MainVest, Inc.. The offering closed on January 31, 2022. In its most recent fiscal year it reported $152,493 in revenue and a net loss of $90,000, with 1 employees.
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- Website
- www.eliteabar.com
- Funding portal
- MainVest, Inc.
- Address
- 4980 COUNTRYSIDE DR, West Bloomfield, MI 48323
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- June 6, 2012
- SEC CIK
- 0001886366
Offering terms
From the amendment filed December 30, 2021.
- Security
- Debt
- Price
- $1.00
- Target
- $60,000
- Maximum
- $200,000
- Deadline
- January 31, 2022
- Portal compensation
- MainVest will be paid 6.0% of the final offering amount, upon the successful completion of the offering. MainVest does not receive compensation if the offering does not succeed.
Financials
From the Form C-U filed February 4, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $152,493 | $0 | sec.gov |
| Cost of goods sold | $61,834 | $0 | sec.gov |
| Net income | $-90,000 | $0 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $0 | $0 | sec.gov |
| Cash | $200,000 | $150,000 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $0 | $0 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 4, 2022 | Progress update | $60,000 | $200,000 | January 31, 2022 | At the close of the offering, the issuer closed on $74,100. The funds are currently being processed. The actual amount may be lower. | sec.gov |
| December 30, 2021 | Amendment | $60,000 | $200,000 | January 31, 2022 | Issuer is extending the deadline to make an investment. Issuer is decreasing minimum target amount. Issuer is amending revenue share percentages. Issuer is amending intended use of funds. | sec.gov |
| November 30, 2021 | Amendment | $100,000 | $200,000 | December 31, 2021 | Issuer is extending the deadline to make an investment. | sec.gov |
| October 8, 2021 | Offering | $100,000 | $200,000 | December 3, 2021 | sec.gov |
Updated February 4, 2022. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.